Tencent Spends HK$300 Million on Share Buyback on August 24

Stock News
2 hours ago

Tencent Holdings Ltd (00700) announced that it repurchased 680,000 shares on August 24, 2026, at a total cost of HK$300 million. The buyback was executed under the company's ongoing capital return initiative, reflecting its commitment to enhancing shareholder value.

In a separate corporate action, the company also issued 3,718 new shares pursuant to the exercise of options under the 2023 Share Option Scheme adopted on May 17, 2023. This issuance is part of the routine equity incentive program aimed at rewarding employee performance and aligning their interests with those of the company.

The repurchase and share issuance activities are in line with Tencent's broader strategy to optimize its capital structure while maintaining liquidity for future growth opportunities. The buyback price per share averaged approximately HK$441.18, based on the disclosed figures.

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